Augur

Augur was launched by co-founders Jack Peterson and Joey Krug and developed under the Forecast Foundation, a nonprofit organization dedicated to creating decentralized forecasting tools.

Augur was launched on October 27, 2015.

Augur works by allowing users to create custom prediction markets for any verifiable event. Participants can buy shares in different outcomes, and after the event concludes, the result is reported and validated on-chain. The REP token is used for reporting and disputing outcomes. Users who accurately report outcomes are rewarded in REP, while incorrect or dishonest reporting is penalized.

Augur offers a wide range of applications focused on decentralized forecasting, speculation, and information sharing:

 
• Prediction: Create or participate in markets about the outcome of elections, sports, crypto prices, or global events.
 
• Oracles: Leverage Augur's dispute and reporting system to provide truthful outcomes without a centralized authority.
 
• Information: Use markets as a tool to aggregate public sentiment and probabilistic forecasting on complex issues.
 
• Speculation: Trade outcome shares to profit from correctly predicting future events.
 
• Governance: Use REP to stake on truthful outcomes and participate in the dispute resolution process that secures market integrity.
 
• Integration: Developers can integrate Augur's prediction engine into DeFi apps, DAOs, or analytic platforms for insight and utility.